Sentences with phrase «other than fiat currencies»

As the globe continues to evolve and become more digitally interconnected, the popularity and demand for currencies other than fiat currencies should continue to grow, as citizens seek personal financial security, independent of the domestic government policies and events in their home country.

Not exact matches

Unlike in the past, when you could exchange your dollars or any other currency for physical gold, fiat currency is not backed up by anything else than a number printed on a piece of paper.

Your wallet currency will default to your local fiat currency based on the phone number you signed up with, but if you have changed your wallet currency to something other than e.g. USD then you will want to change it back so that when you transfer USD from your bank account it will arrive in your wallet as USD.

With Bitit you can instantly purchase Ripple (XRP) by credit card with USD, EUROS, GBP and more than 14 other fiat currencies!

Physical gold that may be suffering from a falling domestic fiat currency price is still exponentially more valuable than devaluing paper fiat currencies, as anyone living in the Ukraine, Russia, Mexico, Brazil, Venezuela, and in any number of dozens of other emerging markets have unfortunately rapidly learned in the past few years.

It is the Registrant's view that Bitcoins should not be regarded as coins, or otherwise as collectibles, for purposes of section 408 (m), because Bitcoins are a virtual, rather than a fiat currency (see «Bitcoin Value,» above) and, as such, do not take the form of tangible personal property, in contrast to a coin or any of the other items defined as a «collectible» under Section 408 (m).

Readily offer the ability to set the amount to pay in USD or other local fiat currency rather than requiring the customer to determine the BTC value based on the current price themselves (at least in cases where the merchant is not generating all - inclusive QR codes containing both the destination address and the price.

Perhaps the most remarkable response was from Christine Lagarde, managing director of the IMF, who said in a speech in February that that cryptocurrencies could, among other things, improve financial stability, inclusion and provide better value than traditional fiat currencies, particularly in less developed countries and warned central bankers to ignore them at their peril

Mercury Cash CEO Victor Romero agreed with this analysis: «Because we come from Venezuela, we think people in our country are more likely to have their money in other assets rather than in Venezuelan fiat currency.

Most fiat currencies once represented real, tangible assets in holding (such as gold), but those days have long passed and cash has no inherent value other than your faith in it.

The banking giant's researchers James Faucette and his team noted that if bitcoin is not accepted as a rival to the US dollar and other fiat currencies, than it is literally worth nothing.

At the World Knowledge Forum held in Seoul on October 17, Billionaire investor Tim Draper, who has been one of the key angel investors in the Bitcoin and cryptocurrency markets since 2014, stated that Bitcoin and other cryptocurrencies are much better than fiat currencies.

There are more than 100 other fiat currencies in the world — Euro, Yen, Yuan but also Venezuelan Bolivar, Nigerian Naira, etc..